Many foreigners view Thailand as the perfect place to invest in real estate. Dr Andrew M Goodman wrote this article for thailawforum addressing whether “Thailand’s Condominium Bubble a Reality or Myth”.
He notes that valuation in particular can be problematic but notes that experts in the industry generally suggest a number of approaches that may be appropriate depending on the type of property purchased i.e. whether to take an income or market approach.
Thai condominium lawyers Chaninat & Leeds assist with Thailand real estate law and land house and condo sales and purchases since 1997
Historically, Goodman reminds us that real estate has been considered by many one of the best investments to make, because the basis of real estate investment is land ownership, and this is a commodity, but the real estate market itself is often subject to volatile short-term fluctuations in price; caused by political factors, demand factors, demographic factors involving the movement of people, as well as the building of shopping or school facilities or transport services along with a myriad of other price impacting factors.
Read the full article here
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